Teachers Retirement System of The State of Kentucky Buys 115,200 Shares of Dynatrace, Inc. (NYSE:DT)

Teachers Retirement System of The State of Kentucky increased its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 125.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,323 shares of the company's stock after purchasing an additional 115,200 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.07% of Dynatrace worth $9,776,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DT. Keybank National Association OH raised its stake in Dynatrace by 30.0% during the 1st quarter. Keybank National Association OH now owns 738,230 shares of the company's stock worth $34,808,000 after buying an additional 170,380 shares during the period. Bridges Investment Management Inc. lifted its holdings in shares of Dynatrace by 82.4% during the 1st quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock valued at $1,173,000 after purchasing an additional 11,234 shares in the last quarter. Allstate Corp acquired a new position in shares of Dynatrace in the 4th quarter valued at approximately $471,000. Asset Management One Co. Ltd. increased its stake in Dynatrace by 4.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock worth $5,734,000 after purchasing an additional 4,697 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Dynatrace in the first quarter valued at approximately $2,175,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the sale, the executive vice president owned 17,242 shares in the company, valued at approximately $940,033.84. This represents a 47.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.57% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DT has been the topic of several research reports. DA Davidson boosted their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. BMO Capital Markets lifted their price objective on shares of Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a research report on Tuesday, May 13th. Royal Bank Of Canada lifted their target price on Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, Morgan Stanley set a $55.00 price objective on Dynatrace in a research note on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.26.

Dynatrace Stock Performance

NYSE DT opened at $53.26 on Monday. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The company has a market capitalization of $16.07 billion, a P/E ratio of 33.29, a P/E/G ratio of 4.65 and a beta of 0.91. The stock has a 50 day moving average price of $54.07 and a 200-day moving average price of $52.41.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The company had revenue of $445.17 million during the quarter, compared to analysts' expectations of $435.14 million. During the same quarter in the previous year, the business earned $0.30 EPS. Dynatrace's revenue was up 16.9% compared to the same quarter last year. As a group, equities analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.

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